Affordable Housing

HUD: FY 2023 Fair Market Rents Published

FMRs Will Make It Easier for Families with Housing Vouchers – Including Vouchers Created Under this Administration – to Use Their Vouchers to Access Affordable Housing The U.S. Department of Housing and Urban Development (HUD) today published Fair Market Rents (FMRs) for Fiscal Year 2023. FMRs, published annually, are an estimate of the amount of…

HUD: Rental Assistance Demonstration Conversion Transaction Closed with Franklin Housing Authority in Franklin, TN to Build 76 New Construction Affordable Rental Homes

RAD transaction supports construction of new affordable rental homes at Cherokee Place property The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Franklin Housing Authority in the City of Franklin, TN, Through RAD, the Housing Authority will newly…

HUD: Allocation Strategy and Program Requirements Released for New Stability Vouchers

Stability Vouchers Will Incentivize Public Housing Agencies to Partner with Communities to Address Unsheltered Homelessness and Homelessness in Rural Areas The U.S. Department of Housing and Urban Development (HUD) today issued a notice that explains the department’s non-competitive allocation strategy and program requirements for the new Stability Vouchers. Under the program, HUD will award up…

FHFA: Intent to Establish a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing Announced

The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee).  The Committee will provide advice and input regarding affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to address those matters. In addition,…

HUD: $34 Million Loan Guarantee Awarded to Cincinnati, OH for Affordable Housing

The U.S. Department of Housing and Urban Development (HUD) today announced a $34 million loan guarantee for Cincinnati, Ohio for the Affordable Housing Loan Fund Project to spur the creation of more affordable housing. This upfront source of financing, awarded through HUD’s Section 108 Loan Guarantee Program (Section 108) program, is the lynchpin of the…

HUD: $41 Million Awarded to Boost Local Affordable Housing and Community Development Efforts

The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4. “President Biden’s top…

HUD: Deputy Secretary Travels to Alaska to Focus on Tribal Housing Supply

Nearly $285 million in HUD funding has been awarded to Tribal entities in Alaska over the past two years with more funding on the way The U.S. Department of Housing and Urban Development’s (HUD) Deputy Secretary Adrianne Todman was in Alaska this week to discuss Tribal housing supply with local leaders and organizations across the…

HUD: $10 Million Funding Opportunity Announced for Capacity Building in Rural America

Rural Capacity Building grants help non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $10 million in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural…

HUD: More than $840,000 Awarded to Provide Rental Assistance and Supportive Services to Native American Veterans Experiencing or At Risk of Homelessness

The U.S. Department of Housing and Urban Development (HUD) today awarded $841,113 in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) expansion grants to three Tribally Designated Housing Entities (TDHEs) to help house 45 Native American Veterans experiencing or at risk of experiencing homelessness. Funding was awarded to two existing Tribal HUD-VASH grantees, Cook Inlet Housing…

HUD: $221 Million Announced to Tribal Communities for Affordable Housing and Community Development

The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $221 million in competitive funding for affordable housing and community development projects that primarily benefit low-to-moderate income persons in American Indian and Alaska Native communities. “The Biden-Harris Administration has made unprecedented investments in Tribal communities,” said Secretary Marcia L. Fudge. “This…